This can prevent future plans to sell if market conditions don't allow the sale of the home to cover remaining mortgage balances. (rismedia.com)
Also, I have my mortgages for my home and my investment property included on personal capital so my net worth is skewed down by remaining mortgage balances. (financialsamurai.com)
To qualify, seniors must own the home free and clear or have a small enough remaining mortgage balance that the reverse mortgage can pay off that balance and still provide enough money after fees to benefit the homeowner. (interest.com)